Announced
Completed
Financials
Tags
Cyprus
insurance services
Private Equity
Private
Majority
Friendly
Insurance Brokers
Cross Border
Acquisition
Single Bidder
Completed
Synopsis
CVC Capital, a private equity firm, completed the acquisition of a 90% stake in Ethniki Insurance, an insurance brokerage services provider, from National Bank of Greece, a banking and financial services company, for $536m. NBG said the deal adds about 90 basis points to its total capital ratio.
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